Insider Selling: Agnico Eagle Mines Limited (TSE:AEM) Senior Officer Sells 15,072 Shares of Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Senior Officer Christopher Charles Norman Vollmershausen sold 15,072 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$110.27, for a total transaction of C$1,661,989.44.

Agnico Eagle Mines Trading Down 1.0 %

Shares of Agnico Eagle Mines stock opened at C$108.15 on Monday. The firm has a 50-day moving average of C$112.47 and a 200-day moving average of C$102.06. The stock has a market cap of C$54.19 billion, a PE ratio of 67.59, a PEG ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines Limited has a 52-week low of C$60.17 and a 52-week high of C$123.86. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.35 by C$0.21. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The company had revenue of C$2.94 billion during the quarter, compared to analysts’ expectations of C$2.50 billion. As a group, sell-side analysts forecast that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 1.48%. Agnico Eagle Mines’s dividend payout ratio is 135.63%.

Analyst Upgrades and Downgrades

A number of research firms have commented on AEM. National Bankshares lifted their price objective on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. UBS Group raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Canaccord Genuity Group lifted their price objective on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. Finally, Stifel Nicolaus lifted their price objective on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines currently has an average rating of “Buy” and a consensus price target of C$116.00.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.